Business Checking

Heritage Bank Business Checking Analysis Account

Earnings Credit

This account features an earnings credit which is applied to reduce or eliminate fees on the account. If the earnings credit exceeds the fees for any period, you will be assessed no fees but you will not be paid or receive credit for any excess earnings credit.

Earnings Credit Calculation

The earnings credit will be calculated by applying the daily periodic earnings credit rate to the principal in the account each day of the period. The daily periodic earnings credit rate is based on the four week average of the 13-week Treasury Bill rate for the previous month, divided by 365. The daily periodic earnings credit rate may change as often as monthly. For example, if the daily periodic earnings credit rate is .0085% and the balance on one day is $9,760, the amount of the earnings credit for the day is approximately $0.83.

Accrual of earnings credit on non-cash deposits

Earnings credit begins to accrue no later than the business day on which we receive credit for the deposit of noncash items (for example, checks).

Fees

A monthly maintenance fee of $15.00 will be charged each statement cycle

A per item fee of $.19 will be charged for each debit paid

A per item fee of $.15 will be charged for each item deposited

Heritage Bank Foundation Small Business Checking Account

This account is designed for small organizations ranging with up to $1,000,000 in annual sales that have a limited amount of transactions each month.

No monthly account maintenance fee

Online banking and BillPay

Night deposit access

Visa Debit Card available

Up to $10,000 cash/coin deposited per month

No minimum balance requirement

250 items processed at no charge

All items over the 250 threshold will be processed at a cost of $.30 per item